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Why Do Frauds Occur

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To most individuals, Cash means many things in life. They toil from daybreak to dusk for incomes and accumulating wealth. In the process, they fail to care for the vital health by ignoring the food and respite, but pursue all austerities to avoid wasting the money. Ultimately, they depart an estate without enjoying the life. The heirs bury or burn the corpse, but not the corpus or wealth left by the dead.

The aspirations of the persons are diversified and infinite. Each individual wishes for the possession of plenty of cash and power to satiate his/her dreams and desires. It’s a natural characteristic of the human beings, but conspicuous by its absence within the animals or birds. A tiger won’t seek a prey when its tummy is full. A crow will not search for food unless it feels hungry. Only the person remains relaxationless due to his ever-growing starvation for money and power. As hard work takes time, he embarks on the illegitimate and quick cut strategies to achieve the goal quickly. Fraud happens to be the easiest mode for all times. Here, the eight major reasons and backgrounds that give rise to the frauds are discussed.

Selfishness stays the chief supply of all frauds. When an individual indulges in protecting the pursuits of the kith and kin, he resorts to the fraudulent practices. The head of a varsity reportedly acquired the put up by paying a huge sum to a corrupt political leader. Imagine the destiny of the education in that institution.

Non-adherence to the norms leads to the incidence of frauds. Failure to follow the systems and procedures ended within the lack of lives and properties as the greedy officer issued a license for running a school in an unfit building. Substandard weapons have been sourced to get personal favors.

Risk prone technology gives scope to commit frauds. The gullible individuals are cheated by the sophisticated digital strategies like phishing, vishing, smishing and skimming. Softwares are used to assemble the vital personal info from the vulnerable netizens when the latter log into the Internet.

Negligence causes even an innocent mind to oscillate. Careless dealing with of paperwork and disclosure of Credit card and bank details by the account holders consequence in the siphoning of funds by the fraudsters.

Insider performs the trick. The share prices are boosted artificially when a person of the enterprise manipulates the demand or provide for the stock. The younger brother of a family fabricated a will to deprive his two siblings of the shares in his mom’s estate.

Unreasonable targets breed frauds. The sector workers engages the intermediaries and brokers to secure more business by diluting the norms and the purpose. Household planning numbers had been achieved by listing the aged and dead.

Imitation effects. Folks forgetting their capabilities and income stage copy the approach to life of others residing in the neighborhood. It is seen as a status situation affecting one’s standing within the society. To cope with the increased monetary needs, a person resort to heavy borrowing or frauds like misappropriation of office funds and seeking bribes for office work.

Politics pollute the society. To remain in power and fill the coffers of the party, a lot of the politicians use the corruption and fraud as the major strategy. Money and muscle power dominate not only during the election occasions, but in addition when forming the governments. Booth-capturing and casting the fake votes are the same old fraudulent techniques adopted for getting the desired poll results.

Behind all frauds, two aspects are frequent: the opportunity and want for getting more of cash and power. Day by day, frauds do take place in any respect ranges of household, society, business, and government. However, these frauds get exposed definitely and belatedly. Very few folks do not succumb to the evils of cash and power as they know the real happiness lies in sharing the love and affection.

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